On Friday, January 15, Baron Benjamin de Rothschild, aged 57, died from a heart attack in his home in Switzerland.
In a statement to AFP on Saturday morning, his wife said: “Ariane de Rothschild and her daughters are deeply saddened to announce the death of their husband and father, Benjamin de Rothschild following a heart attack at the family home in Pregny (Switzerland) on the afternoon of January 15, 2021.”
The Franco-Swiss group headquartered in Geneva specializes in private banking and asset management and has no connection with the Franco-British investment bank Rothschild and Co.
The value of assets managed by the group amounts to 173 billion Swiss francs, according to Le Figaro. Benjamin de Rothschild had been at the head of the group since 1997 and the death of his father, Edmond de Rothschild, husband of Baroness Nadine de Rothschild.
The funeral of Baron de Rothschild will take place in the next few days and will be a strictly family affair.
Edmond de Rothschild is a family-owned financial group, specializing in private banking and asset management.
Edmond de Rothschild group also provides corporate finance, private equity and fund administration solutions, according to thebanks.eu, which adds: “Edmond de Rothschild (Monaco) is the eighth largest bank in Monaco in terms of total assets. In 2019 its total assets were 2,529,99 million euros, providing the bank with the market share of 3.53 percent. In 2019 the bank’s net income was 19,73 million euros.”
Born in France in 1963, Benjamin Rothschild was part of the eponymous French-British dynasty which traces its wealthy roots back to the 18th century. He died at 57 on Friday afternoon in Pregny, Switzerland of a heart attack, according to a spokesman for the bank.
Benjamin Rothschild, chaired Edmond de Rothschild, is survived by his wife, Ariane Rothschild, who runs the 173 billion Swiss francs ($195 billion) Genevan wealth manager, and four children, as well as his mother, Nadine de Rothschild.
A graduate of Pepperdine University in California, Benjamin Rothschild took over at Edmond de Rothschild in 1997, the year his father died. His father, Baron Edmond de Rothschild, was a prominent French financier who founded the eponymous bank in Geneva in 1953.
Benjamin was an adrenaline junkie who reportedly loved racing motorcycles and driving Formula 1 Ferraris. The adventure-seeking personality carried over to the bank, which sponsors an 32-meter trimaran which competes in a storied yacht race circumnavigating the globe.
This branch of the French blue-blooded family ended up in Switzerland after Benjamin’s grandfather was declared a «noncitizen» for opposing the post-Nazi Vichy regime during World War II. Benjamin installed Ariane Rothschild as the first female CEO in the family in 2015 – and the two led the going-private of the Swiss bank two years ago.
Like most Swiss wealth managers, Edmond de Rothschild struggled to carve out a new identity following the end of banking secrecy. Though related to the family which controls the other Swiss private bank – Rothschild & Co – the two firms went separate ways, recently burying a long-simmering spat between cousins over the family name.